Buying a new home is number one priority for 25 per cent of investors in the UAE, followed by starting or investing in a new business venture (21 per cent) and retirement (13 per cent), a report said.
The Franklin Templeton Global Investor Sentiment Survey which polled over 11,500 investors in 23 countries showed that the UAE was the second most confident country, after India.
In line with this, the H Holding Enterprise, a major investment firm in the UAE, recorded unprecedented growth across all its investment arms, including real-estate and hospitality divisions, said Hafeez Abdullah, the company’s chairman.
“Around 94 per cent of UAE investors expect to meet their targets in 2015. Our real-estate arm Omega Properties has had a very positive year exceeding our expectations. Our other operations in hospitality are doing well too,” said Abdullah.
“The UAE has a unique investment environment where all industries grow in harmony. The focus on tourism sector, for instance, has brought several opportunities to the real-estate market, such as hotels, infrastructure and facilities management. Also, there is a well-planned strategy to enhance collaboration between the public and private sectors for the benefit of all kinds of investors,” added Abdullah.
According to the UAE Economic Report 2015 by Bank Audi, the real estate sector is considered one of the key drivers of the country’s national economic activity. Both Abu Dhabi and Dubai markets recorded a positive yearly change in terms of performance and prices in the residential and office markets.
The same report also shed light on the tourism sector, saying that its improvement was driven by a number of initiatives and mega tourism and leisure projects by the UAE government, encouraging each emirate to have its own niche in the market.
“This is the right time to invest in the UAE. We have diversified our capital across other industries that have potential for growth in the medium and long run, including video production, for example. We are stepping confidently into new investment sectors following successful launch of brands like Monte Carlo Stars, LUA, O2 and L Club in the hospitality scene, as well as the growing real-estate brand Omega Properties,” added Abdullah.
“Opportunities in various sectors are drawing the attention of investors from around the globe. Well established local firms have equal opportunities to expand their businesses during the coming period,” concluded Abdullah.
Source: www.tradearabia.com - July 27, 2015
“For 11 years Intermetal has exhibited at The Hotel Show. Being a part of this annual event is fundamental as it enables us to have face to face interaction with customers and build relationships. The Hotel Show is the perfect venue to launch new products.”
“The Hotel Show has been an amazing and successful event for Castello with over 50 prospective leads and projects for hotels, safari lodges and international resorts with potential orders worth over US $10 million. We will definitely be back next year with a new range of product designs.”
“The Hotel Show was good and very productive. We got a chance to interact with potential clients from our industry. The organizing committee has done an excellent job for this year’s Hotel Show which has helped both the exhibitors and the visitors. It was well organized. Well done. Thank you.”
“Year on year The Hotel Show has grown having high quality of delegates and excellent visitor footfalls. The Hotel Show is a great place to showcase something new especially in technology. A good match for our products with visitors asking the right questions and with a high level of interaction."
“Proud to confirm that this year’s event was by far the best exhibition of the year. With confirmed orders taken from The Hotel Show are expected to top over $12 million of new trade that was made possible very much partly because of the high quality of visitors related to the hospitality procurement and contracting market. Great show, our 9th year and we will surely be back next year as well.”